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Drop Shipping: Little Investment, Big Returns

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Finding a way to bring in extra income can be a chore, especially if you’re already working full time, running your home, have recently graduated, or any combination thereof. But, bills can pile up, or maybe you want to save up for a family vacation or that new car you’re dying to drive. An influx of money is always welcome, and when you can make money in your sleep, those financial goals are even easier to reach.

Drop shipping requires very little investment on your part, aside from the time it takes to set up and run your online retail store. To get started, you’ll need:

  • A domain name or URL for your store.
  • Web hosting and a website that offers e-commerce or a webstore service.
  • A reliable drop shipping source.

From there, your investment comes from the time you put into setting up the products, photos, videos and how you will manage your supply chain, from product “acquisition” to “fulfillment.” Your drop ship company should have details about how to best do all of that, plus, you need to develop a process for your customer service, whether through e-mail, live chat, or phone support (or all of them!).

After you have the “nuts and bolts” of your online store together, your next investment is in your marketing. Having a website doesn’t do you a lot of good if nobody knows it’s there, and there are dozens of ways you can use the Internet’s free marketing resources (social media, e-mail marketing and SEO) to give your online presence a boost. Your marketing “budget” can be based more on the time you have to get the word out than a budget for flyers and postcards, and more successful, too!

The Internet has given business a 24/7 time clock, where you no longer have to have an open sign to make money. You don’t even have to get out of your pajamas. Drop ship businesses are the perfect example of how using basic online marketing and a website can bring in that extra money, with a very small investment and enough extra income for you to live out your dreams.




 

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